Looking for a bookkeeper and accountant for your cryptocurrency trading? We do your books, so you get more time to focus on your investment strategy. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your cryptocurrency trading? We do your books, so you get more time to focus on your investment strategy. Try us for free.
Our team invests the time to thoroughly grasp your trading activities, answer your inquiries, assist you in linking your accounts, and demonstrate how Accracy functions in the cryptocurrency trading landscape.
Each month, your dedicated bookkeeper sorts your cryptocurrency transactions and compiles financial reports. Should they require anything from you, they'll reach out promptly.
Each month, your dedicated bookkeeper sorts your cryptocurrency transactions and compiles financial reports. Should they require anything from you, they'll reach out promptly.
As a cryptocurrency trader, we understand that your bookkeeping requirements can be complex and time-sensitive. That's why we take the initiative and reach out with regular updates regarding your digital assets' accounts. Have urgent queries that can't be put on hold? Rest assured, we'll get back to you in one business day or less.
Our platform empowers you to automate data inputs from most major cryptocurrency exchanges to evade common errors. We collaborate with partners like Binance, Coinbase, Bitfinex, and Kraken — ensuring your financial records are always precise and up-to-date.
Say adieu to stacks of confusing records and labor-intensive manual tracking — we automate inputs straight from your linked trading accounts. Gain insights from a centralized dashboard, allowing you to easily comprehend the state of your crypto trading business and make data-driven decisions.
Cryptocurrency trading presents unique complexities in terms of bookkeeping, laws, and taxes. Transactions need to be closely tracked and recorded, with special considerations for capital gains or losses. These constantly evolving regulations can make bookkeeping feel like a daunting task for cryptocurrency traders. But with Accracy, this is no longer an issue. Our software, paired with real human bookkeepers, seamlessly and accurately updates your books with every transaction. We ensure your financials align with the current tax laws specific to cryptocurrency, making sure you never miss a single tax deduction.
Our team isn't just versed with the general nuts and bolts of bookkeeping, but have in-depth understanding and familiarity with cryptocurrency trading industry. This includes knowledge of specific tax obligations such as realizing capital gains or dealing with the implications of a token swap. By dealing with these intricacies on your behalf, Accracy enables you to focus more on optimizing your trades and less on the trappings of bookkeeping and taxes. You'll have peace of mind knowing your financials are in the hands of experts who live and breathe cryptocurrency regulations, delivering bookkeeping services that keep pace with your unique trading needs.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
The accounting process for cryptocurrency transactions presents some unique challenges as opposed to traditional transactions. Cryptocurrency operates on a decentralized network known as blockchain, and the value of these digital assets can fluctuate wildly, which creates complexities in accurately capturing their true value.
Typically, each cryptocurrency transaction must be recorded as a separate line item for accounting purposes. The transaction value must be evaluated in the relevant fiat currency (like U.S. dollars or euros) at the time of each transaction. This practice is atypical in traditional accounting where entries are not as highly detailed and are valued at a stable currency.
In some jurisdictions, cryptocurrencies are treated as intangible assets for tax purposes, implying you need to record gains or losses as asset values fluctuate. However, in some other jurisdictions, they can have a legal tender status, making the treatment different. All these factors contribute to a more complex accounting process for cryptocurrency transactions compared to traditional ones.
Accracy Accounting can significantly assist you in handling your tax management for cryptocurrency trading. We have a team of dedicated bookkeepers and tax professionals who are proficient in cryptocurrency trading regulations and tax implications. They will track your crypto transactions, manage your records, calculate gains or losses, and prepare the necessary tax reports. With Accracy Accounting, you can focus on optimizing your trading strategies while we ensure your activities comply with tax laws and regulations.
Trading in cryptocurrencies, given its relatively recent emergence, is subject to a variety of financial regulations, including Anti-Money Laundering (AML) and Know Your Customer (KYC) rules. The IRS also considers cryptocurrencies to be property, so capital gains tax applies. It's important to report gains and losses accurately to avoid penalties.
Accracy Accounting can assist in numerous ways. We offer comprehensive bookkeeping services, ensuring your financial records are up-to-date and accurately reflect your cryptocurrency transactions. You also get access to a dedicated team of experts who are well-versed with the unique challenges of the crypto industry and financial regulations surrounding it.
Moreover, we can also play a strategic role in your tax planning and filing. By routinely maintaining your books, we can help you determine your capital gains or losses from your crypto transactions and help ensure you comply with all relevant tax obligations. Hence, with Accracy Accounting, you can navigate the complex crypto regulations with ease and confidence.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership